American Superconductor Azioni (NASDAQ: AMSC)

Ultime notizie per American Superconductor (NASDAQ:AMSC) Azioni

American Superconductor

American Superconductor Corp generates the ideas, technologies, and solutions that meet world's demand for smarter, cleaner and energy. Through its Windtec Solutions, the company enables manufacturers to launch wind turbines quickly, effectively and profitably. Through its Gridtec Solutions, the company provides engineering planning services and grid systems that optimize network reliability, efficiency and performance. The company's segment includes Grid and Wind. It generates maximum revenue from the Grid segment.

American Superconductor Corporation - Common Stock

American Superconductor Corp

AMSC ASA

Roth MKM analyst Justin Clare reiterates American Superconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSC#NASDAQ">AMSC</a>) with a Buy and maintains $29 price target.

News

Price Target

Reiteration

Analyst Ratings

AMSC

Roth MKM Reiterates Buy on American Superconductor, Maintains $29 Price Target

WIIM

AMSC shares are trading higher after the company said it now expects FY24 revenues of $50 million to $55 million inclusive of its NWL acquisition.

Craig-Hallum analyst Eric Stine reiterates American Superconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSC#NASDAQ">AMSC</a>) with a Buy and maintains $33 price target.

Craig-Hallum Reiterates Buy on American Superconductor, Maintains $33 Price Target

Guidance

AMSC Expects FY24 Revenues Inclusive Of Its NWL Acquisition to Be $50M-$55M, Expects Positive Cash Generation Of $1M-$4M

Offerings

On August 12, 2024, American Superconductor Filed A Prospectus For Resale Of Up To 1.3M Shares Of Common Stock With The SEC

American Superconductor shares are trading higher after the company reported better-than-expected Q1 financial results and issued Q2 revenue guidance above estimates. Additionally, Roth MKM raised its price target on the stock from $27 to $29.

Across the recent three months, 5 analysts have shared their insights on American Superconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSC#NASDAQ">AMSC</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $24.4, a high estimate of $29.00, and a low estimate of $20.00. This upward trend is evident, with the current average reflecting a 29.79% increase from the previous average price target of $18.80.
<img src="https://www.benzinga.com/files/images/story/2024/1723129264_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
A comprehensive examination of how financial experts perceive American Superconductor is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Justin Clare</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$29.00</td>
<td>$27.00</td>
</tr>
<tr>
<td>Justin Clare</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$27.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>Colin Rusch</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$23.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Eric Stine</td>
<td>Craig-Hallum</td>
<td>Raises</td>
<td>Buy</td>
<td>$23.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Justin Clare</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$20.00</td>
<td>$15.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to American Superconductor. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of American Superconductor compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of American Superconductor's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of American Superconductor's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/AMSC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on American Superconductor analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering American Superconductor: A Closer Look</h2>
American Superconductor Corp generates the ideas, technologies, and solutions that meet world's demand for smarter, cleaner and energy. Through its Windtec Solutions, the company enables manufacturers to launch wind turbines quickly, effectively and profitably. Through its Gridtec Solutions, the company provides engineering planning services and grid systems that optimize network reliability, efficiency and performance. The company's segment includes Grid and Wind. It generates maximum revenue from the Grid segment.
<h3>American Superconductor's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: American Superconductor's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 33.17%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: American Superconductor's net margin excels beyond industry benchmarks, reaching -6.26%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): American Superconductor's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -1.75%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): American Superconductor's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -1.07%, the company may face hurdles in achieving optimal financial performance.
Debt Management: With a below-average debt-to-equity ratio of 0.03, American Superconductor adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Critical Insights From American Superconductor Analyst Ratings: What You Need To Know

Roth MKM analyst Justin Clare maintains American Superconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSC#NASDAQ">AMSC</a>) with a Buy and raises the price target from $27 to $29.

Roth MKM Maintains Buy on American Superconductor, Raises Price Target to $29

AMSC Sees Q2 Revenues $38M-$42M vs $37.53M Est.

American Superconductor shares are trading lower. The company reported Q1 financial results.

American Superconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSC#NASDAQ">AMSC</a>) reported quarterly earnings of $0.08 per share which beat the analyst consensus estimate of $0.01 by 700 percent. This is a 200 percent increase over losses of $(0.08) per share from the same period last year. The company reported quarterly sales of $40.290 million which beat the analyst consensus estimate of $39.333 million by 2.43 percent. This is a 33.17 percent increase over sales of $30.254 million the same period last year.

Earnings

Earnings Beats

American Superconductor Q1 2024 Adj. EPS $0.08 Beats $0.01 Estimate, Sales $40.290M Beat $39.333M Estimate

AMSC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSC#NASDAQ">AMSC</a>), a&nbsp;leading system provider of megawatt-scale power resiliency solutions that&nbsp;orchestrate&nbsp;the rhythm and harmony of power on the grid&#x2122; and protect and expand the capability of our Navy's fleet, today announced that it has acquired NWL, Inc. (NWL), a private company based in New Jersey that provides power supplies to industrial and military customers. At closing, AMSC paid $25 million in cash and issued 1,297,600 restricted shares of AMSC common stock with a value of approximately $31.4 million. As part of the transaction, AMSC will make an additional cash payment of $5 million, subject to various adjustments set forth in the stock purchase agreement. &nbsp;
AMSC believes the acquisition of NWL directly aligns with the company's strategic priorities to accelerate profitable growth, broaden its product offerings, and expand both market reach and market share. NWL has a history of profitable revenue with a three-year average of approximately $55 million in revenue per year and operating margins approaching the teens. NWL supplies components for a variety of energy applications. Their offerings include power supplies and power controls to industrial and military customers. NWL's military progress, coupled with AMSC's own growth in this sector, is expected to further strengthen and amplify the military power supply sales channel. By leveraging NWL's leadership position in the industrial and military markets, AMSC expects to expand its business offerings and deliver greater value to existing and new customers, business partners, and shareholders.

AMSC Acquires NWL, Inc. For  $25M In Cash And Issued 1,297,600 Restricted Shares Of Common Stock With A Value Of ~$31.4M

AMSC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSC#NASDAQ">AMSC</a>), a&nbsp;leading system provider of megawatt-scale power resiliency solutions that&nbsp;orchestrate&nbsp;the rhythm and harmony of power on the grid&#x2122;, and protect and expand the capability of our Navy's fleet, today announced it has received an order worth over $12 million for its 3 megawatt (MW) class wind turbine electrical control systems (ECS) from Inox Wind Limited (Inox), India's premium wind turbine manufacturer. AMSC expects to ship most of these ECS over the course of fiscal year 2024.

Contracts

AMSC Receives $12M Wind Turbine Electrical Control System Follow-On Order From Inox Wind

AAON

CHPT

FTAI

HUBB

IESC

INOD

JOBY

LOAR

PEGY

PLUG

REVG

ROAD

SPXC

SRFM

STRL

Shares of stocks within the broader industrial sector are trading lower amid overall market weakness

American Superconductor's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMSC#NYSE">AMSC</a>) short percent of float has risen 10.8% since its last report. The company recently reported that it has 2.25 million shares sold short, which is 6.36% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.31 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>American Superconductor Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721221217_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for American Superconductor has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing American Superconductor's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, American Superconductor's peer group average for short interest as a percentage of float is 11.10%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

(AMSC) - Analyzing American Superconductor's Short Interest

As of July 5, 2024, three stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 7</a>0, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">American Superconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSC#NASDAQ">AMSC</a>)</h3>
<ul>
<li>On June 13, Roth MKM maintained a Buy rating and raised its price target from $20 to $27. The company's stock gained around 11% over the past five days and has a 52-<a href="https://www.benzinga.com/quote/AMSC">week high of $27.38</a>.</li>
<li>RSI Value: 72.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>AMSC Price Action: Shares of American Superconductor gained 7.7% to close at $25.95 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Wheels Up Experience Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UP#NYSE">UP</a>)</h3>
<ul>
<li>On May 9, Wheels Up Experience posted a first-quarter GAAP loss of 14 cents per share. &#8220;Wheels Up has made great strides to improve our operations and consistently deliver exceptional service and an experience worth repeating for our customers,&#8221; said George Mattson, Chief Executive Officer. &#8220;Our strong operational performance provides the foundation for driving to profitable growth.&#8221; The company's stock gained around 78% over the past five days and <a href="https://www.benzinga.com/quote/UP">has a 52-week high</a> of $6.08.</li>
<li>RSI Value: 73.46</li>
<li>UP Price Action: Shares of Wheels Up Experience climbed 7.3% to close at $3.24 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Ads-Tec Energy PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSE#NASDAQ">ADSE</a>)</h3>
<ul>
<li>On June 20, ADS-TEC Energy and Caverion announced plans to extend partnership to Denmark and Sweden. The company's stock gained around 10% over the past five days and has a <a href="https://www.benzinga.com/quote/ADSE">52-week high</a> of $13.50.</li>
<li>RSI Value: 72.09</li>
<li>ADSE Price Action: Shares of Ads-Tec Energy fell 2.8% to close at $12.43 on Wednesday.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/24/07/39639846/s-p-500-settles-at-new-record-even-as-fear-greed-index-moves-to-fear-zone">S&amp;P 500 Settles At New Record Even As Fear &amp; Greed Index Moves To &#8216;Fear&#8217; Zone</a>

Pre-Market Outlook

Markets

ADSE

Top 3 Industrials Stocks That Are Ticking Portfolio Bombs

Wall Street maintained its northbound journey in June. All three major stock indexes &mdash; the Dow, the S&amp;P 500 and the Nasdaq Composite &mdash; posted their seventh positive month in eight.
However, a few stocks have shown price strength. We have primarily targeted stocks that have recently been on a bull run. Such stocks have a high chance of carrying the momentum forward.
If a stock is continuously witnessing an uptrend, there must be a solid reason or it would have probably crashed. So, looking at stocks capable of beating the benchmark that they have set for themselves seems rational.
However, recent price strength alone cannot create magic. Therefore, other relevant parameters are needed to create a successful investment strategy.
Here&#39;s how you should create the screen to shortlist the current as well as the potential winners.
<h3>Screening Parameters:</h3>
Percentage Change in Price (4 Weeks) greater than zero: This criterion shows that the stock has moved higher in the last four weeks.
Percentage Change Price (12 Weeks) greater than 10: This indicates that the stock has seen momentum over the last three months. This lowers the risk of choosing stocks that may have drawn attention due to the overwhelming performance of the overall market in a very short period.
Zacks Rank 1: No matter whether market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) have a proven history of outperformance.
Average Broker Rating 1: This indicates that brokers are also highly hopeful about the stock&#39;s future performance.
Current Price greater than 5: The stocks must all be trading at a minimum of $5.
Current Price/ 52-Week High-Low Range more than 85%: This criterion filters stocks that are trading near their respective 52-week highs. It indicates that these are strong enough in terms of price.
Just these few criteria narrowed down the search from over 7,700 stocks to six.
Let&#39;s discuss five out of these six stocks:
KNOT Offshore Partners LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/knop#NYSE">KNOP</a>) is engaged in owning, acquiring and operating shuttle tankers, designed to transport crude oil and condensates from offshore oil field installations to onshore terminals and refineries. KNOP provides loading, transportation, and discharge of crude oil under time charters and bareboat charters.
The stock price of KNOP has soared 39.2% in the past four weeks. It has an expected earnings growth rate of more than 100% for next year. The Zacks Consensus Estimate for next-year earnings has improved more than 100% over the last 60 days.
American Superconductor Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amsc#NASDAQ">AMSC</a>) develops and sells a wide range of products and solutions based on power electronic systems and high-temperature superconductor wires that dramatically improve the efficiency, reliability and quality of electricity during its generation, transmission, distribution and use.
AMSC is a dominant force in alternative energy, offering grid interconnection solutions as well as licensed wind energy designs and electrical systems. As the world&#39;s principal supplier of HTS wire, AMSC is enabling a new generation of compact, high-power electrical products, including power cables, grid-level surge protectors, motors, generators, and advanced transportation and defense systems.
The stock price of American Superconductor has jumped 22% in the past four weeks. It has an expected earnings growth rate of more than 100% for the current year (ending March 2025). The Zacks Consensus Estimate for current-year earnings has improved 66.7% over the last 30 days.
Harte Hanks Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hhs#NASDAQ">HHS</a>) is a data-driven, omnichannel marketing company. HHS offers customer data landscape as well as the executional know-how in database build and management, data analytics, data-driven creativity, digital media, direct mail, customer contact, client fulfillment and marketing and product logistics. HHS operates principally in North America, the Asia-Pacific and Europe.
The stock price of Harte Hanks has climbed 10.8% in the past four weeks. It has an expected earnings growth rate of 65.9% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 17.2% over the last 30 days.
Adtalem Global Education Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atge#NYSE">ATGE</a>) has been benefiting on the back of solid enrollment growth and effective implementation of its cost-saving initiatives. ATGE&#39;s Growth with Purpose strategy allowed it to expand access to high-quality, in-demand programs. Furthermore, strategic collaborations, and focus on innovation investments are encouraging.
Although soft enrollment trends in the Medical and Veterinary segments and increased expenses are concerning, ATGE once again raised its fiscal 2024 adjusted earnings and revenue outlook given the improving trend.
The stock price of Adtalem Global Education has risen 5.9% in the past four weeks. It has an expected earnings growth rate of 16.6% for the current year (ending June 2025). The Zacks Consensus Estimate for current-year earnings improved 9.4% over the last 60 days.
GeoPark Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gprk#NYSE">GPRK</a>) is engaged in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, Argentina, and Ecuador. GPRK has a strategic partnership with ONGC Videsh to jointly acquire, invest in, and create value from upstream oil and gas projects across Latin America.
The stock price of GeoPark has gained 4.9% in the past four weeks. It has an expected earnings growth rate of 50.9% for the current year. The Zacks Consensus Estimate for current-year earnings improved 2.2% over the last 60 days.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
<a href="https://www.zacks.com/stock/news/2296173/5-stocks-with-recent-price-strength-to-boost-your-portfolio?cid=CS-BENZ-FT-analyst_blog|rw-2296173">To read this article on Zacks.com click here.</a>

Small Cap

Adtalem Global Education Inc. Common Stock

ATGE

GPRK

KNOP

5 Stocks With Recent Price Strength to Boost Your Portfolio

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, June 28th:
Onto Innovation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/onto#NYSE">ONTO</a>): This company which specializes in design, development, manufacture and support of metrology and inspection tools primarily for semiconductor device fabricators, silicon wafer manufacturers and advanced packaging manufacturers in the semiconductor space, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.5% over the last 60 days.
<div class="chart_embed">
<h3>Onto Innovation Inc. Price and Consensus</h3>
<img alt="Onto Innovation Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/f7/1719572892.png" style="height:265px; width:583px" title="" />
Onto Innovation Inc. price-consensus-chart | Onto Innovation Inc. Quote
</div>
Onto Innovation&#39;s shares gained 21.4% over the last three month compared with the S&amp;P 500&#39;s gain of 4.4%. The company possesses a Momentum Score of A.
<div class="chart_embed">
<h3>Onto Innovation Inc. Price</h3>
<img alt="Onto Innovation Inc. Price" src="https://staticx-tuner.zacks.com/images/charts/0e/1719572899.png" style="height:251px; width:544px" title="" />
Onto Innovation Inc. price | Onto Innovation Inc. Quote
</div>
Howmet Aerospace (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hwm#NYSE">HWM</a>): This company which provides engineered solutions for customers in the transportation and aerospace (both defense and commercial) industries, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.6% over the last 60 days.
<div class="chart_embed">
<h3>Howmet Aerospace Inc. Price and Consensus</h3>
<img alt="Howmet Aerospace Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/39/1719572894.png" style="height:265px; width:577px" title="" />
Howmet Aerospace Inc. price-consensus-chart | Howmet Aerospace Inc. Quote
</div>
Howmet Aerospace&#39;s shares gained 16.4% over the last three month compared with the S&amp;P 500&#39;s gain of 4.3%. The company possesses a Momentum Score of A.
<div class="chart_embed">
<h3>Howmet Aerospace Inc. Price</h3>
<img alt="Howmet Aerospace Inc. Price" src="https://staticx-tuner.zacks.com/images/charts/bc/1719572901.png" style="height:251px; width:538px" title="" />
Howmet Aerospace Inc. price | Howmet Aerospace Inc. Quote
</div>
American Superconductor (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amsc#NASDAQ">AMSC</a>): This leading energy technologies company which develops and sells a wide range of products and solutions based on power electronic systems and high temperature superconductor wires that dramatically improve the efficiency, reliability and quality of electricity during its generation, transmission, distribution and use, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 66.7% over the last 60 days.
<div class="chart_embed">
<h3>American Superconductor Corporation Price and Consensus</h3>
<img alt="American Superconductor Corporation Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/ea/1719572896.png" style="height:265px; width:581px" title="" />
American Superconductor Corporation price-consensus-chart | American Superconductor Corporation Quote
</div>
American Superconductor&#39;s shares gained 79.6% over the last three month compared with the S&amp;P 500&#39;s gain of 4.5%. The company possesses a Momentum Score of A.
<div class="chart_embed">
<h3>American Superconductor Corporation Price</h3>
<img alt="American Superconductor Corporation Price" src="https://staticx-tuner.zacks.com/images/charts/36/1719572902.png" style="height:251px; width:538px" title="" />
American Superconductor Corporation price | American Superconductor Corporation Quote
</div>
<a href="https://www.zacks.com/commentary/2294783/best-momentum-stock-to-buy-for-june-28th?cid=CS-BENZ-FT-zacks_1_rank_additions|momentum_additions-2294783">To read this article on Zacks.com click here.</a>

Tech

ONTO

Best Momentum Stock to Buy for June 28th

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Sunoco LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sun#NYSE">SUN</a>): This retailer of motor fuels has seen the Zacks Consensus Estimate for its current year earnings increasing 24.4% over the last 60 days.
<div class="chart_embed">
<h3>Sunoco LP Price and Consensus</h3>
<img alt="Sunoco LP Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/1b/1718619606.png" style="height:265px; width:574px" title="" />
Sunoco LP price-consensus-chart | Sunoco LP Quote
</div>
First Community Bankshares, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fcbc#NASDAQ">FCBC</a>): This financial holding company for First Community Bank has seen the Zacks Consensus Estimate for its current year earnings increasing 8.8% over the last 60 days.
<div class="chart_embed">
<h3>First Community Bancshares, Inc. Price and Consensus</h3>
<img alt="First Community Bancshares, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/13/1718619618.png" style="height:265px; width:574px" title="" />
First Community Bancshares, Inc. price-consensus-chart | First Community Bancshares, Inc. Quote
</div>
American Superconductor Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amsc#NASDAQ">AMSC</a>): This power resiliency solutions company has seen the Zacks Consensus Estimate for its current year earnings increasing 66.7% over the last 60 days.
<div class="chart_embed">
<h3>American Superconductor Corporation Price and Consensus</h3>
<img alt="American Superconductor Corporation Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/9a/1718619628.png" style="height:265px; width:578px" title="" />
American Superconductor Corporation price-consensus-chart | American Superconductor Corporation Quote
</div>
The ODP Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/odp#NASDAQ">ODP</a>): This company that provides products and digital workplace technology solutions has seen the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days.
<div class="chart_embed">
<h3>The ODP Corporation Price and Consensus</h3>
<img alt="The ODP Corporation Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/9c/1718619667.png" style="height:265px; width:574px" title="" />
The ODP Corporation price-consensus-chart | The ODP Corporation Quote
</div>
Reinsurance Group of America, Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rga#NYSE">RGA</a>): This reinsurance company has seen the Zacks Consensus Estimate for its current year earnings increasing 6.4% over the last 60 days.
<div class="chart_embed">
<h3>Reinsurance Group of America, Incorporated Price and Consensus</h3>
<img alt="Reinsurance Group of America, Incorporated Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/16/1718619679.png" style="height:265px; width:587px" title="" />
Reinsurance Group of America, Incorporated price-consensus-chart | Reinsurance Group of America, Incorporated Quote
</div>
<a href="https://www.zacks.com/commentary/2288231/new-strong-buy-stocks-for-june-17th?cid=CS-BENZ-FT-zacks_1_rank_additions-2288231">To read this article on Zacks.com click here.</a>

FCBC

New Strong Buy Stocks for June 17th

Shares of Signet Jewelers Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) fell sharply during Thursday's session following mixed first-quarter earnings including an 8.9% <a href="https://www.benzinga.com/news/earnings/24/06/39311023/shining-through-challenges-signet-jewelers-reports-mixed-q1-results-optimistic-outlook">drop in same store sales</a>.
The company reported a first-quarter FY25 sales decline of 9.5% year-on-year to $1.510 billion, missing the analyst consensus estimate of $1.514 billion. Adjusted EPS of $1.11 beat the consensus estimates of 85 cents.
Signet expects second-quarter sales of $1.46 billion – $1.52 billion, versus the consensus of $1.508 billion.
Signet Jewelers shares dipped 12.5% to $94.81 on Thursday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>BioRestorative Therapies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRTX#NASDAQ">BRTX</a>) shares climbed 66.3% to $2.22 after the company announced that it engaged in advanced discussions for a ThermoStem license with a regenerative medicine firm.</li>
<li>Zapp Electric Vehicles Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) gained 59.3% to $1.14 after the company announced that it signed a memorandum of understanding and intends to appoint Bounce Electric 1 Private as its contract manufacturing partner for sales of the i300 in India..</li>
<li>Sharps Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STSS#NASDAQ">STSS</a>) shares climbed 39% to $0.4162 after the company announced that it signed a $30 million purchase order from Nephron Pharmaceuticals for prefillable copolymer syringes.</li>
<li>E-Home Household Service Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) jumped 35.1% to $0.8101.</li>
<li>Biomea Fusion, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMEA#NASDAQ">BMEA</a>) gained 28% to $5.95</li>
<li>Wheeler Real Estate Investment Trust, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WHLR#NASDAQ">WHLR</a>) rose 24% to $2.8999.</li>
<li>Neo-Concept International Group Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCI#NASDAQ">NCI</a>) gained 23.6% to $0.8070.</li>
<li>Vivani Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VANI#NASDAQ">VANI</a>) jumped 23% to $2.0050 after the company announced the FDA cleared the Investigational New Drug Application and lifted the clinical hold on NPM-119.</li>
<li>NWTN Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWTN#NASDAQ">NWTN</a>) gained 22.8% to $1.84.</li>
<li>Barnes &amp; Noble Education, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) jumped 22.2% to $8.40. Barnes &amp; Noble Education named Jonathan Shar as new Chief Executive Officer.</li>
<li>John Wiley &amp; Sons, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLYB#NYSE">WLYB</a>) rose 19.3% to $42.62 as the company reported results for the fourth quarter and fiscal year ended April 30, 2024.</li>
<li>Longeveron Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGVN#NASDAQ">LGVN</a>) shares climbed 18.8% to $2.15. Longeveron shares jumped over 120% on Wednesday following the circulation of a Zacks Small Cap Research note valuing the stock at $15.10 per share.</li>
<li>Kyverna Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KYTX#NASDAQ">KYTX</a>) gained 17.3% to $16.10.</li>
<li>Fangdd Network Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUO#NASDAQ">DUO</a>) shares rose 14.9% to $0.70 after surging 5% on Wednesday.</li>
<li>American Superconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSC#NASDAQ">AMSC</a>) jumped 14.3% to $26.92. Roth MKM analyst Justin Clare maintained American Superconductor with a Buy and raised the price target from $20 to $27.</li>
<li>Neo-Concept International Group Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCI#NASDAQ">NCI</a>) gained 14.2% to $0.7450.</li>
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) rose gained 14.2% to $1,707.99 after the company posted stronger-than-expected results for its second quarter. The company declared a quarterly dividend of $5.25 per share and also announced a 10-for-1 forward stock split. Broadcom boosted its fiscal year 2024 revenue guidance to approximately $51 billion, up from approximately $50 billion.</li>
<li>Bitfarms Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BITF#NASDAQ">BITF</a>) jumped 12.3% to $2.73. The company on Thursday issued new guidance for 2025 after announcing an agreement to develop power capacity in Pennsylvania.</li>
<li>United Homes Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UHG#NASDAQ">UHG</a>) gained 12.3% to $7.34.</li>
<li>Grupo Supervielle S.A.  (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUPV#NYSE">SUPV</a>) gained 10.7% to $7.26 after rising 6% on Wednesday.</li>
<li>Core Scientific, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>) rose 8.3% to $10.36.</li>
<li>Korn Ferry (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KFY#NYSE">KFY</a>) gained 7% to $67.87 following better-than-expected quarterly results.</li>
<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares gained 6.7% to $189.30 after CEO Elon Musk said the company&#8217;s shareholder resolutions are passing with significant margins.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Assure Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONM#NASDAQ">IONM</a>) shares fell 48.8% to $0.27.</li>
<li>Cara Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARA#NASDAQ">CARA</a>) fell 37.1% to $0.4202 after the company announced the outcome from the dose-finding Part A of the KOURAGE-1 study evaluating the efficacy and safety of oral difelikefalin for moderate-to-severe pruritus in adult patients with notalgia paresthetica. Also, Needham, Canaccord Genuity and HC Wainwright downgraded their respective ratings on the stock.</li>
<li>Nuburu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BURU#NASDAQ">BURU</a>) fell 36.1% to $0.0933 after the company announced that it will be implementing a 1-for-40 reverse stock split.</li>
<li>DDC Enterprise Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDC#NYSE">DDC</a>) shares declined 30.9% to $1.07. DayDayCook shares jumped 198% on Wednesday after the company announced it has acquired Omsom.</li>
<li>CERo Therapeutics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CERO#NASDAQ">CERO</a>) fell 29% to $0.50. CERo Therapeutics completed IND-Enabling activities following successful manufacturing runs for lead compound CER-1236.</li>
<li>ZKH Group Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZKH#NYSE">ZKH</a>) declined 28% to $4.1350.</li>
<li>PainReform Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFX#NASDAQ">PRFX</a>) shares fell 26.2% to $0.5712 after surging around 19% on Wednesday.</li>
<li>KWESST Micro Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KWE#NASDAQ">KWE</a>) fell 19% to $0.5899.</li>
<li>J.Jill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JILL#NYSE">JILL</a>) fell 17.8% to $32.48. J.Jill priced its public offering of 2 million common stock at $31 per share.</li>
<li>Tellurian Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TELL#NYSE">TELL</a>) dipped 16.5% to $0.6328</li>
<li>Virgin Galactic Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NYSE">SPCE</a>) shares fell 13.1% to $0.7401 after the company announced it will effect a reverse stock split.</li>
<li>Petros Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTPI#NASDAQ">PTPI</a>) shares fell 11.7% to $0.5712 after gaining 10% on Wednesday.</li>
<li>Dave &amp; Buster&#8217;s Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAY#NASDAQ">PLAY</a>) shares fell 11.4% to $44.60 after the company posted downbeat results for its first quarter on Wednesday.</li>
<li>Gold Fields Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFI#NYSE">GFI</a>) fell 10.8% to $14.13 after the company revised its 2024 group production guidance down due to the impact of weather events on the Salares Norte project.</li>
<li>Repligen Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGEN#NASDAQ">RGEN</a>) dipped 9.8% to $128.74. Repligen named Olivier Loeillot as Chief Executive Officer, effective Sept. 1.</li>
<li>Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) fell 6.3% to $10.41.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/06/39311150/top-3-tech-stocks-that-may-fall-off-a-cliff-this-month">Top 3 Tech Stocks That May Fall Off A Cliff This Month</a>

Intraday Update

Movers

AVGO

BITF

BMEA

BNED

BRTX

BURU

CARA

CERO

Core Scientific, Inc. - Class A Common Stock

CORZ

IONM

JILL

KYTX

LGVN

NWTN

PARA

PLAY

PRFX

PTPI

RGEN

SPCE

STSS

SUPV

TELL

TSLA

VANI

WHLR

WLYB

ZAPP

Why Signet Jewelers Shares Are Trading Lower By Over 12%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Craig-Hallum analyst Eric Stine reiterated a Buy rating on American Superconductor (AMSC – Research Report) today and set a price target of $33.00....

American Superconductor (AMSC) Receives a Buy from Craig-Hallum

Buy American Superconductor On Weakness To Exploit Major Opportunities

In a report released today, Justin Clare from Roth MKM maintained a Buy rating on American Superconductor (AMSC – Research Report), with a price ta...

Roth MKM Reaffirms Their Buy Rating on American Superconductor (AMSC)

Small-caps get a lift after Fed's jumbo rate cut; see top 20 names per SA Quant ratings

Small-caps get a lift after Fed's jumbo rate cut; see top 20 names in SA Quant ratings

Small-caps get a lift after Fed's jumbo rate cut: See top 20 names in SA Quant ratings

The top 10 positions in QQQ constitute almost half of its total weight. Although current tech leaders may have become too pricey two Invesco Nasdaq ETFs target future tech leaders: QQQJ and QQQS.  Both have "Buy" ratings from ValuEngine.

Beyond QQQ: Two Nasdaq ETFs For Finding Potential Future Tech Superstars

Roth MKM analyst Justin Clare maintained a Buy rating on American Superconductor (AMSC – Research Report) today and set a price target of $29.00. T...

American Superconductor (AMSC) Gets a Buy from Roth MKM

American Superconductor ($AMSC), an emerging provider of large-scale power solution resiliency solutions, has caught the attention of investors. Th...

American Superconductor (AMSC) Catches Investors' Attention Post-NWL Acquisition

Oppenheimer analyst Colin Rusch maintained a Buy rating on American Superconductor (AMSC – Research Report) today and set a price target of $29.00....

American Superconductor (AMSC) Receives a Rating Update from a Top Analyst

AQST

AVDV

AVUV

BYRN

CALF

CURI

DAVE

DFAS

DFSV

FNDA

GASS

HMENF

HRTG

IGIC

NTAP

PSIX

PSNL

QQQJ

QQQS

RMTI

SCHA

SILK

SLNCF

USAP

VIRC

Press Releases

AMSC Prices Upsized $60 Million Public Offering of Common Stock

Opinion

Thinking about buying stock in Nuvve, American Superconductor, Extreme Networks, Haoxi Health Technology, or Baijiayun Group?

AMSC to Report Fourth Quarter and Fiscal Year 2023 Financial Results on May 29, 2024

AMSC Reports Fourth Quarter and Fiscal Year 2023 Financial Results and Provides Business Outlook

AMSC Expands Ship Protection System Offering to Allied Navy with First Contract Win

AMSC Receives Wind Turbine Electrical Control System Follow-on Order from Inox Wind

AMSC to Report First Quarter Fiscal Year 2024 Financial Results on August 6, 2024

AMSC Accelerates toward Profitability with the Acquisition of NWL, Inc.

AMSC Reports First Quarter Fiscal Year 2024 Financial Results and Provides Business Outlook

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